Confederation Minerals Acquires Montana Projects
CONFEDERATION MINERALS LTD.
Suite 1980, 1075 West Georgia Street,
Vancouver, British Columbia, V6E 3C9
Tel: 604 688 9588; Fax: 778 329 9361
June 28, 2017 TSX-V Symbol: CFM
Confederation Minerals Acquires Montana Projects
Vancouver, British Columbia, Canada, Confederation Minerals Ltd. (TSX-V: CFM) (“ Confederation ” or the
“ Company ”) has signed a Letter of Intent (“LOI”) to acquire 100% of the Tourmaline Queen and Golden Galena
Project areas in Montana. The LOI calls for escala ting annual payments totaling 320 oz of gold (cash equivalent
to be determined based on Au price at time of payme nts, but would total US$ 400,000 at an average Au p rice of
$1250/oz) over a five year period in order to acqui re a 100% interest in the claims within both of the two Project
areas, subject to a retained net smelter royalty. A Definitive Agreement will be prepared during the initial 90 day
evaluation period for which CFM will pay US$ 12,500 (the cash equivalent of 10 ounces of gold).
The Tourmaline Queen Project area is located in the historic Elkhorn Mining District of Jefferson Coun ty, 22
miles southeast of Helena. The Elkhorn District ha s historic Ag-Au production from numerous mines ove r the
past 100 years. By far the largest producer in the District was the Elkhorn Mine which had a recovered grade of
18.4 oz Ag/ton and .031 oz Au/ton (632 g/t Ag and 1.06 g/t Au). The land position here consists of 83 unpatented
mineral claims and three patented claims, all of wh ich are covered under the same LOI. These claims w ere
initially explored by Mountain-West Resources in th e 80’s and were explored in the 90’s under a Joint Venture
with Santa Fe Pacific Gold. Some of the drill inte rcepts from Santa Fe Pacific’s drilling have been r eported in a
Mountain-West News Release (January 8, 1996) and in the Northern Miner (June 12, 1995 & Oct 30, 1995).
These include:
Drill
Hole
ID Area
From
feet
To
feet
From
metres
To
metres
Interval
feet
Gold
oz/ton
Interval
metres
Gold
g/ton
CTQ-1
Pipe #2 215 298 65.4 90.6 80 0.114 24.3 3.91
CTQ-3
Pipe #2 0 95 0 28.9 95 0.152 28.9 5.21
and
Pipe #2 300 380 91.2 115.5 80 0.162 24.3 5.55
CTQ-6
TQ Pipe 590 675 179.4 205.2 85 0.126 25.8 4.32
CTQ-
15
TQ Pipe 140 378 42.6 114.9 238 0.09 72.4 3.09
DH-17
Plymouth
Pipe - - 40 0.38 12.2 13.03
DH-18
Plymouth
Pipe - - 5 16.91 1.52 579.7
Gold mineralization occurs in skarn and replacement pipes cutting lower Paleozoic sedimentary rocks an d
Elkhorn volcanic rocks. No silver values were reported.
- 2 -
The Golden Galena Project area is located in Madiso n County, 30 miles southwest of Bozeman. The area was
explored in the 1980’s by Westmont (formally Nicor Minerals) and then by Newmont, under a Joint Venture with
Westmont. Combined the Companies drilled 340 holes and spent over US$ 2 million on exploration, metal lurgy
and resource studies. Nicor drilled the first holes during the period 1983 to 1984, and their 4 th hole intercepted 70
feet of 0.07 oz Au/ton (21.3 m @ 2.4 g/tonne). Gol d mineralization is hosted along faults synthetic t o a major
northwest striking wrench fault zone that controlle d emplacement and subsequent distention of the Toba cco Root
Batholith. This regional fault system has been active since deposition of Proterozoic Belt sediments and several of
these synthetic structures along the larger wrench fault localize structurally controlled gold mineral ization.
Intersecting northeast and northwest striking conjugate fracture sets control the location of the known deposits.
Carl Hering, President and CEO of CFM stated that “ these two new projects are the first, but certainly not the last,
of planned acquisitions for the Company. These cla im blocks form corner stone land positions in two D istricts
with significant historic work and sizeable, pre-43 -101 historic resources. It is our intention to ap ply state of the
art technology and the company’s newly constituted technical team to define and expand the potential o f the
known mineralization.”
Drill results, sample and technical data are not Na tional Instrument 43-101 compliant and historic in nature. The
results have not been verified by the Company and are provided for context only and should not be relied upon for
any evaluation of the properties or project or for any investment decision. Michael Collins, P.Geo. a nd V.P.
Exploration and Development for Confederation Minerals has reviewed and approved this news release.
On behalf of the Board of Directors,
Confederation Minerals Ltd.
“Carl Hering”
Carl Hering
CEO, President, and Director
CORPORATE INQUIRIES
Confederation Minerals Ltd.
Suite 1980, 1075 West Georgia Street
Vancouver, B.C.
604.688.9588
www.confederationmineralsltd.com
About CFM
Confederation Minerals Ltd. is a British Columbia b ased company engaged in the business of acquisition ,
exploration and development of mineral properties. Its objective is to locate and develop economic pre cious and
base metals properties of merit. Confederation Mine rals Ltd. owns 70% of the Newman Todd project in th e Red
Lake Mining District of Northern Ontario, as well as 100% ownership in another property in the Red Lake Mining
District of Ontario.
Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the ad equacy or accuracy of this release.